iBLOXX Proprietary Trading gets DMCC crypto trading license

    01 Jan 2022

    iBLOXX Proprietary Trading DMCC, a fintech trading firm based in Dubai, announced last week that they had been granted the License for Proprietary Trading in Crypto Commodities by Dubai Multi Commodities Center.

    iBLOXX designs AI and Machine Learning algorithms to manage active trading models for various instruments across traditional and crypto commodity markets.

    “This license will allow us to merge our expertise from the traditional financial markets with the crypto DeFi ecosystem. Our fully automated algorithms are designed to maximize profit margins and minimize execution risk in a sub-zero milliseconds timescale through multi-asset, market-wide connectivity and on-chain smart contracts across major blockchains,” said Domenik Maier, CEO of iBLOXX Proprietary Trading DMCC.

    iBLOXX is a proprietary trading firm engaged in algorithmic trading of Equities, Fixed Income Securities, Commodities, FX, and Crypto Commodities. Leveraging its expertise in electronic market-making and blockchain, iBLOXX combines its agile fintech mindset with over 20 years of experience and track record in the global capital markets. The firm is headquartered in Dubai, United Arab Emirates.

    Meanwhile, Saudi exchange operator Tadawul said in a tweet on Wednesday that IHS Markit had included the Saudi government Sukuk market in its iBOXX global government bond index.

    Saudi Capital Market Authority said in a statement that the inclusion will help the sukuk and debt instruments market indices to be followed by international investors.

    CMA expected that a further 27 government debt instruments listed on Tadawul will join the index starting from Jan. 31, 2022, making up around 0.19% of iBOXX’s weight.

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